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| Start while young |
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| emkie |
 Posted: Wed Apr 19, 2006 2:46 pm Post subject: |
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Investing Sr. Associate
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I know what it's like to be a student and to be short on cash a lot! I am 
My plan is that I will not invest until after I am fully done with university. I just don't have the cash to spare without having to go needlessly into the realms of unneccessary debt; I already have enough.
Instead I am spending this time learning and simulating different strategies for investing on this site and I will find which strategies and styles I am most comfortable and successful with so I can apply them in the future.
After I actually have a job and start paying down loans, I will invest with very small amounts. The whole point isn't for me to be super aggressive but instead to be able to start my portfolio at a young age.
(I love the opportunity this website gives for learning!) |
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| DKnightSr |
| Posted: Wed Apr 19, 2006 2:50 pm Post subject: |
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Member of the Month
May
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27 years ago I won a prize of dinner for 4 at the London Grill, a very expensive restaurant in the bottom of the Benson Hotel in Portland Oregon. While we were waiting at the bar to be seated, a gentleman struck up a conversation. He told me that had he to do it all over again, he would hock himself to the eyeballs, travel, play, and do all the things he wanted to... that now that he could... he was too old to enjoy it. He gave me his card... I still have it today... he was the vice president in charge of marketing for Chevron Corporation.
I didn't take his advice... I built a career...a family... started a new career...and now at 53 I sometimes wonder-
Was he right after all? To heck with the Joneses, but life only happens once. Don't forget to live it! Have you ever seen the old guy in the Corvette? Wonder how much more he would have enjoyed it at 21. ??? |
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| Dave Rathbun |
| Posted: Wed Apr 19, 2006 3:29 pm Post subject: |
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CFO
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I've done things in a little different order than most, I guess. I started college right out of high school. I consider myself reasonably intelligent... I finished in the top % of my high school class, and got accepted to Duke University. I went there for a year, then went "home" to LSU. I spent time in and out of college for the next decade, finally graduating with my degree 12 years after I left high school. During that time I was in college or not, working or not, and along the way I got married as well. I had a good time in those years, and I don't mean I was a "party boy" or anything like that, far from it. I made friends that I enjoy to this day, and experienced things that affected my outlook and even the direction my life took. I don't regret a second that I spent, although I think my parents were a bit concerned. 
Once I got out of college I looked around and realized I was behind my "peers" for whatever that meant. I got into consulting as it was more lucrative financially, allowing me to make up for lost ground in my "earning years". It also allows me to travel the country, seeing different places where I might someday like to work. It also allows me to see different companies in different industries (manufacturing, retail, financial, medical) and even different market types (goverment contractor, franchise) and size. I've worked for fortune 100 companies, and I've worked for 10 person "mom and pop" shops. It has been a great experience.
My wife and I are just about to celebrate our 20th wedding anniversary, and we've just added kids to our family. We adopted two great boys from Russia just over a year ago. So while most folks would have had kids much younger in life, I have had time to develop my skills and my career. I'm at a point now where if I don't want to work every day I don't have to. When we came home with our two new sons, I took nine months off from work to stay home and become a family. I can't tell you how important that was to me, and how great it was.
I guess what all of this is leading out to is DKnightSr, I hear where you're coming from.  I didn't go into "hock up to my eyeballs", but I did travel a different road. When finances were important, somehow I always managed to come up with the money. When I got out into the real world, I was fortunate enough to get a great job that I love, and that I'm good at, and that has offered me the opportunity to do many things that I would not otherwise have been able to do.
Is college important? Sure. But I'm living proof that you don't have to be on the four-year plan and graduate with a 3.95 GPA in order to be successful.
I'm over 40 now, I have a great job, a great family, a net worth that I am comfortable with, retirement funds that are growing at a nice pace, and every intention to keep on doing what I love until I'm 90.
I graduated from college after 12 years with a 2.0 average.
And by the way, I am the "old guy" in the Corvette, I bought one about six years ago.
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| marketkid |
| Posted: Sun Apr 30, 2006 2:12 pm Post subject: |
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Investing Associate
Joined: 07 Apr 2006
Posts: 12
This Month: 0
397.53 e$
Net worth: 8,827.93
Portfolio Value: 8,430.40
Monthly Return: -11.71%
Trades this month: 0
Churn Rate: 0.00%Items
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| Can you get an ira when you are 19? |
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| MrT |
| Posted: Tue May 02, 2006 2:48 am Post subject: |
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Investing Sr. Associate
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I *think* the answer is yes to getting an IRA at 19, but I think in most scenarios, a college education would give a 19 year-old a much better return on his/her investment.
Although I "suppose" someone could go to Harvard, pay full tuition, then major in Underwater Basket-weaving, and I doubt that is an investment that would ever pay itself off. |
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